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How Did the Finances of the Continental Congress Compare to Those

Question 5

Multiple Choice

How did the finances of the Continental Congress compare to those of the states during the first two years of the Revolutionary War?


A) While states suffered from the lack of funds,the Continental Congress achieved financial solvency through tax collection.
B) Like the states,the Continental Congress lacked income and issued paper money in an effort to sustain itself.
C) The states collected sufficient revenue through tax collection,but the Continental Congress lacked the authority to tax.
D) Because they benefitted from both land and excise taxes,neither the states nor the Continental Congress experienced financial burdens at this time.

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